Another Reason for High Gas Prices
This from Wisconsin:
Badger Ethanol in Monroe charges around $2.22 for a gallon of E-85, an alcohol-fuel mixture that is 85 percent ethanol and 15 percent gasoline, by volume.
Badger’s owners wanted to cut the price to $2 but said they had to artificially hike prices after some competitors complained Badger wasn’t meeting the state’s minimum markup laws.
. . .
Wisconsin Consumer Protection investigators launched a probe into Badger’s fuel prices and found E-85 selling for just over $2 a gallon.
Based on a complicated formula, the investigators said the price should have been $1 more.
How many more cases are there of government making gasoline more expensive, not to mention excessive taxation?
Whole article here.